Building a home requires specialized financing with progress payments and different structures to standard home loans. Construction loan specialists understand builder contracts, progress draw schedules, and council requirements.
Why Use a Construction Loans Specialist?
- Progress payment draw-down structures
- Land and construction package finance
- Knock-down rebuild loan expertise
- Owner-builder loan options
- Fixed price contract requirements
Construction Loans Brokers in Port Macquarie
PNPeter Nest
Affinity Finance Broking Pty Limited
0401 588 708
CGCorey Goldby
Source Financial
0478 526 140
DMDavid Murray
Murray Home Loans
0415 293 224
Paul Gee
PG Loan Services
0456 826 590
JFJake Fuhrer
Mortgage Broker
0401 525 019
BPBen Perren
Source Finance Pty Ltd Source Financial
0493 615 001
MCMark Collins
Collins Financial Pty Ltd
0424 393 024
CCChris Cheng
Mortgage Broker
0449 249 083
BFBec Farnsworth
Mortgage Broker
0421 287 386
GOGary Owen
Mortgage Broker
0409 770 096
Frequently Asked Questions
How do construction loan repayments work?
During construction, you typically only pay interest on funds drawn. Once complete, the loan converts to a standard principal and interest home loan.
What deposit do I need for a construction loan?
Most lenders require 20% of the total cost (land + build). Some allow less with LMI. You'll also need funds for council fees and other costs.
Can I get a construction loan for an owner-builder project?
Yes, but options are more limited. Lenders typically require higher deposits and may have stricter requirements for owner-builders.